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An interest rate set by a central bank to conduct monetary policy (often implemented as the bank's discount rate/bank rate or its repurchase agreement rate)

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policy rate

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policy rate

noun

The central bank decided to raise the policy rate to control inflation.

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“What is the Central Bank policy rate?”, in IMF,: “The central bank policy rate (CBPR) is the rate that is used by central bank to implement or signal its monetary policy stance.”

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policy rate

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